Foreclosure Group Names Advisory Board

The Foreclosure Economic Advisory Council, a new nonprofit group formed to promote sustainable homeownership by analyzing foreclosure trends, has announced the members of its advisory board.The members are: Wanda Alexander, founder, president, and chief executive officer of Horizon Consulting Inc.; James P. Gaines, a research economist at the business school of a Southwestern university; Bradford R. Geisen, founder of Foreclosure.com in Boca Raton, Fla.; Glenn E. Gromann, senior partner at Smith and Gromann PA, a specialty real estate law firm; Frank Marshall, a frequent speaker at conferences in the real-estate-owned industry; and Michael G. Nathans, founder, president, and CEO of PRBC.com, a credit bureau payment reporting business. Marla Webb has been named senior adviser to the council. "A sustained high rate of foreclosures in the country, as well as the continued uncertainty within the real estate market and the increasing number of homeowners engaged in alternative, low-payment mortgage programs, led us to develop the FEAC -- with the goal of understanding what the primary causes of foreclosures are and how to better promote sustainable homeownership in the U.S.," Ms. Webb said.